How much money do I need to use a financial adviser is a question that I asked all the time. There are two numbers that could help make this decision.
Number one, if you’re earning over $231,000 a year, that puts you at the highest federal tax bracket, which is 35%. At that tax bracket, I believe that using a financial advisor to put together a strategy to minimize taxes with your Investments could make sense.
The second number, generally speaking, if you have over a million do or $250,000 in investable assets, that’s a general number where the economics of putting together a financial plan that’s diversified, that’s based upon your profile and your goals, could make sense.
